2 stories mentioning HKG:1943Updated 52d ago
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King's Stone (HKG:1943) expects a net loss after tax of at least HK$14 million for fiscal 2026, narrowing from a net loss of about HK$99.4 million in fiscal 2025, according to a Thursday Hong Kong bourse filing.The company attributed the narrower loss to a surge in revenue to about HK$556.3 million from HK$173.4 million a year earlier and a reduction in administrative expenses.
King's Stone (HKG:1943) agreed to establish a joint venture in Shenzhen with an independent investor, according to a Friday Hong Kong bourse filing.The joint venture will have registered capital of 10 million yuan, with the company holding an 80% stake and contributing 8 million yuan, while its partner will invest 2 million yuan for a 20% interest.The new entity will focus on technology development and investments across the energy storage value chain.Upon establishment, the venture will become a subsidiary of King's Stone.
